THANGLONG METALLURGY COMPANY LIMITED

Founded in 2005, Thanglong Metallurgy Company Limited is a privately held Vietnamese enterprise engaged in the manufacture of non ferrous metals with a particular focus on lead ingots and related refined products. Operating from Minh Hung Korea Industrial Park in Dong Nai Province, the company has developed a production platform that supports both industrial supply chains and domestic metal distribution networks.

The company employs approximately 400 workers, enabling continuous production activities and the handling of significant material volumes essential to metal refining and recovery. Thanglong Metallurgy’s product line is positioned within a sector that requires rigorous environmental compliance and technical expertise, particularly in the processing of recycled materials and the management of hazardous waste streams.

One notable aspect of the company’s operations is its vertical integration into waste collection and materials recovery, which allows Thanglong Metallurgy to secure a consistent supply of raw inputs while maintaining greater control over production costs. This operational structure supports flexibility in sourcing and enhances its competitiveness in a market characterized by commodity price volatility.

Leadership and Shareholders

Thanglong Metallurgy is led by Nguyen D. P., General Director, who oversees the company’s strategic direction, operational management, and regulatory compliance. His responsibilities include expanding sourcing channels, supervising refining operations, and ensuring adherence to safety and environmental standards that govern hazardous waste processing.

The ownership structure is fully domestic. Le T. K. M. holds 50 percent of charter capital, followed by Nguyen D. P. with 25 percent, Nguyen V. T. with 15 percent, and Nguyen D. L. with 10 percent. Charter capital and paid up capital were both reported at USD 6.57 million, indicating full capitalization and stable ownership commitment.

Financial Growth and Market Risks

In 2023, Thanglong Metallurgy generated revenue of approximately USD 81.24 million, a level that demonstrates sustained commercial capability despite a modest decline from the prior year. Profit increased compared with 2022 even as assets and equity contracted, signaling tighter operating conditions but improved cost control. Working capital declined, reflecting pressure on liquidity as inventory and input costs shifted.

The company operates in a sector that is sensitive to global metal price cycles, regulatory changes in waste treatment, and fluctuations in industrial demand. Dependence on the availability of recyclable materials introduces variability in supply, while compliance with hazardous waste regulations requires continuous investment in safety systems and operational oversight. A detailed assessment of the company’s liquidity strength, debt position, operational risks, and long term financial resilience is available in the VNBIS Company Comprehensive Report, offering deeper insight for investors and commercial partners.

Business Intelligence and Risk Outlook

Thanglong Metallurgy’s long term outlook is shaped by Vietnam’s growing demand for refined non ferrous metals, particularly in manufacturing clusters across the southern provinces. Its engagement in both metal refining and waste processing supports a diversified operational model that can mitigate some exposure to raw material shortages. Continued focus on environmental compliance and process efficiency will be essential as regulatory requirements evolve and competitive pressures increase.

The company’s position within an established industrial zone provides logistical advantages and access to a skilled labor pool. However, sustaining growth will depend on the ability to manage price volatility, maintain stable input supply, and invest in technology that enhances recycling efficiency and product consistency. As Vietnam continues to expand its manufacturing base, the demand for locally produced refined metals offers meaningful opportunities for future development.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating Thanglong Metallurgy Company Limited and its financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.